Estate administration's come in lots of shapes and flavors and sizes and colors but there's two major ways that most estates are administered. There is probate administration and Trust administration. Within probate administration, you're often going to find that there are summary administrations (where the assets are less than $75,000 or where the person's been dead longer than two years) and there's formal administrations (where there's more complex estates and we need to have a personal representative appointed to deal with different things that can appear, like creditors or other administrative bodies’ involvement, taxes, real estate sales, etc).
A trust administration is a private process that doesn't go through the court process. We help the Trustee file a notice of trust and we make sure that the creditors’ claims are resolved. However, it’s all done privately. The beneficiaries receive their money and we make sure they sign releases so that they can't later on claim that they didn't get what they were supposed to get. We continue to help the Trustee manage any assets that are in the estate and deal with any taxes before closing the trust administration.